Amalgamated Corporation's Net Income Was $2,400,000 in 2009 and $800,000

question 26

Multiple Choice

Amalgamated Corporation's net income was $2,400,000 in 2009 and $800,000 in 2010. What percentage increase in net income must Amalgamated achieve in 2011 to offset the decline in profits in 2010?

• A) 75%.
• B) 300%.
• C) 33.33%.
• D) 800%.

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Definitions:

Apical Meristem

The growth region in plants found at the tips of roots and shoots, responsible for primary growth.

Parenchyma

Fundamental tissue in plants responsible for photosynthesis, storage, and tissue repair, consisting of living cells with diverse functions.

Monocot

A group of flowering plants whose seeds typically contain only one embryonic leaf, or cotyledon.

Vessel Element

Cell that joins with others to form a major conducting tube found in xylem.